Ordinance No. 19313 - Laserfiche WebLink

Home Browse Search

Prom the available Rental Payments or other available funds on June 1, 1994 and any Interest Payment Date or Principal Payment Date thereafter, and upon the direction of the City, the Trustee shall redeem all or any portion of the Refunding Certificates then outstanding in inverse order of maturity and by lot within a maturity, at the redemption prices expressed as a percentage of the principal amount for those Refunding Certificates maturing pr~,or to June 1, 2002,} expressed as a percentage of the Compound Accreted Value of Refunding Certificates maturing on or after June 1, 2002] as set forth below, together with accrued interest}: Dates When Redeemable Redemption Price On June 1, 1994 through December 1, 1996 102.0 On June 1, 1997 or December 1, 1997 141.5 on June 1, 1998 or December 1, 1995 101.0$ On June 1, 1999 or December 1, 1999 100.5% On June 1, 2000 and thereafter at 100.0 The right of redemption shall be exercised by notice specifyw ing by number the Refunding Certificates to be called, the redemption price to be paid, the date fixed for redemption and the places where the amounts due upon such redemption are payable, such notice to be published by the Trustee as provided by law and at least once in a newspaper of general circulation published in the City of Eugene, Oregon, a business and financial newspaper published within the City of Portland, nregon, and in a financial newspaper of national circulation, the first such publication to be not less than thirty X30} days, but not more than ninety ~9a} days, prior to the redemption date, and by mailing a copy of the redemption notice by registered or certified mail at least thirty X34} days, but not more than ninety {90} days, prior to the date fixed for redemption to the Registered owner of each Refunding Certificate to be redeemed at the address shown on the Certificate Register; provided, however, that failure to give such notice by mailing, or any defect therein, shall not affect the validity of any proceeding far the redemption of the Refunding Certificates. All Refunding Certificates so called far redemption will cease to tbear interest} [accrete in value] on the redemption date, provided funds for their redemption are on deposit at the principal corporate trust office of the Paying Agent at that time, and such Refunding Certificates shall no longer be protected by the Refunding Indenture and shall not be deemed to be outstanding under the provisions of the Refunding Indenture. If, for any reason,.it is impossible or impractical to publish such notice of call for redemption in the manner herein provided, then such publication in lieu thereof as shall be made with the approval of the Trustee shall constitute sufficient publication of notice. The Refunding Certificates are issued as provided in the Refunding Indenture. The Refunding Certificates, together with Additional Certif i~:ates as may be issued on a parity therewith as II ~ 3.